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norquist and the pledge. >> i admire grover norquist. i think he's done a lot of good. i signed that pledge. i'm honored to do it. i don't think in this case we would be breaking it by making what are temporary tax cuts permanent. i think we'd be doing the right thing. >> cole is trying to do him a favor by saying if we do this, it won't be breaking your pledge. therefore, your pledge still exists. i mean, that's about as big a favor as he can do him at that point. >> he's trying throw poor grover a lifeline. but i think the damage has been done because you've had so many people saying, lindsey graham saying i would violate the pledge, end of story and i think the american public has become more aware of the pledge, how much it's deictated republican policy. you're supposed to be answering to us, the voter, so i think that has in addition to the fact that keeping these tax cuts in places so unpopular, i think just the idea i itself of the pledge has become politically toxic. >> i want you to listen to one more thing cole said today about
norquist and the pledge. >> i admire grover norquist. i think he's done a lot of good. i signed that pledge. i'm honored to do it. i don't think in this case we would be breaking it by making what are temporary tax cuts permanent. i think we'd be doing the right thing. >> cole is trying to do him a favor by saying if we do this, it won't be breaking your pledge. therefore, your pledge still exists. i mean, that's about as big a favor as he can do him at that point. >> he's...
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. >> anti-tax crusader, grover norquist attacking the wives of republican congressman. >> i hope his wife understands that commitments last a little longer than two years. >> tonight, lee saunders on the grassroots blast to pass the middle class tax cuts. >> small business owner, lou krantz, on his meeting with the president. congressman, steve israel, on the democratic momentum on the fiscal cliff. plus. >> karen finney on the new bizarre attack on ambassador, susan rice. >> all of the sudden, we are the bell of the ball. we are here to say, it's time to start to dance. >>> latino voters help put president obama over the top. now, the hispanic caucus says they want action. representative luis gutierrez joins me tonight. >>> good to have you with us. thanks for watching. president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he quas quick to highlight the break in the ranks with the republicans. >> i am glad to
. >> anti-tax crusader, grover norquist attacking the wives of republican congressman. >> i hope his wife understands that commitments last a little longer than two years. >> tonight, lee saunders on the grassroots blast to pass the middle class tax cuts. >> small business owner, lou krantz, on his meeting with the president. congressman, steve israel, on the democratic momentum on the fiscal cliff. plus. >> karen finney on the new bizarre attack on ambassador,...
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>> well, look, grover norquist is my friend. and we talk, you know, political strategy and politics, this is my position. it was given in private, and when it was asked it was laked by somebody. again, that's fine. not going to say one thing to you that is different than i would say to my own constituents in oklahoma. this is what i tell them. congressman what should we ought to do. i'm one voice. i'm not king of the universe. i support my conference. trying to do the right thing, i support my speaker. in this case, the democrats and president are trying to use the tax issue. instead, they ought to be coming to the table with real spending cuts, entitlement reform and compromised proposals. so far, they haven't done it. >> tom cole, thank you for joining us. >> wolf, thank you. >> joining us, republican senator rand paul of kentucky. senator thanks for coming in. let's get to the so-called fiscal cliff. the president has set a goal. $4 trillion in debt reduction over the next decade. are there any specific ways of reaching that
>> well, look, grover norquist is my friend. and we talk, you know, political strategy and politics, this is my position. it was given in private, and when it was asked it was laked by somebody. again, that's fine. not going to say one thing to you that is different than i would say to my own constituents in oklahoma. this is what i tell them. congressman what should we ought to do. i'm one voice. i'm not king of the universe. i support my conference. trying to do the right thing, i...
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>> i admire grover norquist. i signed that pledge. i don't think we would be breaking it by making tax cuts temporary. i want to make all of them permanent quite frankly. this is a debate about political tactics. in the end, all republicans want to make sure that we don't increase taxes. but if there is a place that we can get 80% of the bush tax cuts for 98% of the american people permanent, i think we should do that and continue to fight for the rest are. >> i spoke to grover norquist yesterday, he opposes anything along the lines of allowing a debate to go forward next year over the 2%, the 3%. those making over $250,000 a year. he wants it all part of the same package. you disagree with him. >> well look, he is my friend. we talk you know political strategy and politics. this is my position. it was given in private. when it was asked. if was leaked by somebody. that's fine. i won't say one thing different to you than i would say to my own constituents. this is what i tell them if they say what do you think we ought to do? i'm one
>> i admire grover norquist. i signed that pledge. i don't think we would be breaking it by making tax cuts temporary. i want to make all of them permanent quite frankly. this is a debate about political tactics. in the end, all republicans want to make sure that we don't increase taxes. but if there is a place that we can get 80% of the bush tax cuts for 98% of the american people permanent, i think we should do that and continue to fight for the rest are. >> i spoke to grover...
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we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senato
we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the...
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it's not the best of time for grover norquist. with republicans starting to kiss off his anti-text pledge, here's stephen colbert. >> obama's answer to taxes is to raise taxes on the wealthy because he ran on that promise and won the elections. it's like he's totally disregarding my dismisses ive finger quotes. what part of this don't you understand? president obama? republicans might let him do it, even though every republican in congress has signed the no taxes pledge, created by the president of americans for tax reform, grover norquist. the two most terrifying words a republican can hear, other than buenos dias. >> seems like republicans are having an easier time writing off norquist than appealing to latinos. >>> which former gop candidate got a nod on the cbs show "ncis: los angeles" last night? one of the detectives on last night's episode gave us a throwback to a certain candidate's tax plan. >> huh? look at all those center hits. nine, nine, nine. should change my name to herman cain. >> yeah? i think it's more like peewe
it's not the best of time for grover norquist. with republicans starting to kiss off his anti-text pledge, here's stephen colbert. >> obama's answer to taxes is to raise taxes on the wealthy because he ran on that promise and won the elections. it's like he's totally disregarding my dismisses ive finger quotes. what part of this don't you understand? president obama? republicans might let him do it, even though every republican in congress has signed the no taxes pledge, created by the...
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2%, the 3%, the richest, those making over $250,000. >> well, look, grover norquist is my friend. we talk political strategy and politics all the time. this was my position, it was given in private. when it was asked, it was leaked by somebody, that is fine, i won't say anything different to you than my constituency in oklahoma, i am one voice, not king of the universe, i support the speaker. they're trying to do the right thing. i think in this case the democrats and the president are trying to use the tax issue. instead, they ought to be coming to the table with real spending cuts and entitlement reform and real congressman proposals, so far they haven't done it. >> congressman tom cole, thank you for joining us. >> wolf, thank you. >>> joining us now, republican senator, rand paul of kentucky. thank you. let's get to the fiscal cliff. the president set the deal, over the next decade. are there specific ways of reaching that figure that both of you might agree on? >> well, you know, i think one compromise i agree with the democrats on, we need to cut the military spending. so i
2%, the 3%, the richest, those making over $250,000. >> well, look, grover norquist is my friend. we talk political strategy and politics all the time. this was my position, it was given in private. when it was asked, it was leaked by somebody, that is fine, i won't say anything different to you than my constituency in oklahoma, i am one voice, not king of the universe, i support the speaker. they're trying to do the right thing. i think in this case the democrats and the president are...
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grover norquist, president of americans for tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about a very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into the conversation. you got cards. we would love to take your questions and also be getting questions as they call it on ""morning joe"," the twitter machine. we would love to bring out grover norquist, president of americans for tax reform. good morning, grover. [applause] >> you don't have your bag. he is attached to his bag. >> they told me it was too streamlined up here for the bag. >> thank you very much for coming out. can republicans raise taxes and not break your pledge? >> difficult. >> it's not k
grover norquist, president of americans for tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about a very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the...
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peter king yesterday talked about grover norquist. said watch out grover. >> this whole thing with norquist came up out of nowhere. again, going back -- the fact that he brought my wife into it, he's never meet me or my wife. he better hope he doesn't because i'll knock his head off. >> going to knock his head off. his wife would knock his head off. >> that's a bad moment. peter king's spouse is going to come for grover norquist. >> bill: if king was responding to the fact that grover norquist said his pledge is like the marriage pledge, right. the same power. the same -- and if you take your marriage vows, it is once and forever. and if you sign his pledge, it is once and forever. i don't think most members when they sign that had quite the same -- >> most members thought of as peter king. some of the folks on capitol hill are like yeah, it is. >> he also sounds like a guy who might follow through on that threat, you know. >> he does have that sort of -- >> i was waiting for him to say my wife would knock his freakin' block off. he m
peter king yesterday talked about grover norquist. said watch out grover. >> this whole thing with norquist came up out of nowhere. again, going back -- the fact that he brought my wife into it, he's never meet me or my wife. he better hope he doesn't because i'll knock his head off. >> going to knock his head off. his wife would knock his head off. >> that's a bad moment. peter king's spouse is going to come for grover norquist. >> bill: if king was responding to the...
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one senator is defending grover norquist's anti-tax stance. that's senator rand paul. he'll join us live in a few minutes. >>> even black friday couldn't save retailers from superstorm sandy. sales for november taking a hit in the wake of that storm. what does it mean, though, for the holiday shopping season? we'll tell you how to play it. >>> a wade of companies issuing special dividends ahead of the fiscal cliff. sounds like a plus for the company. we'll tell you why it could be more of a warning sign. >>> and how senate majority leader harry reid's home state of nevada could get hit hard if congress cannot make a deal on the fiscal cliff. >>> we're going to start with the cme group. rick santelli, the santelli exchange. i'm told a little poetry. i just hope it's not frost saying some say the world will end in fire, some saying ice. >> it's not going to be fire and ice. it is going to be some fire and brimstone! how's that? you know, i liked warren buffett's op-ed the other day in the "time"s. a minimum tax for the wealthy. we're going to get to a couple quotes in th
one senator is defending grover norquist's anti-tax stance. that's senator rand paul. he'll join us live in a few minutes. >>> even black friday couldn't save retailers from superstorm sandy. sales for november taking a hit in the wake of that storm. what does it mean, though, for the holiday shopping season? we'll tell you how to play it. >>> a wade of companies issuing special dividends ahead of the fiscal cliff. sounds like a plus for the company. we'll tell you why it...
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things are getting down right ugly between grover norquist and one of his former allies earlier this week he lashed out at peter king who said he's ready to walk away from the anti-tax pledge made in 1996 to avoid the fiscal cliff. >> everybody who signed the pledge including peter king who tried to weasel out of it, shame on him as the new york sun said today. i hope his wife understands that commitments last a little longer than two years or something. >> well, king got wind of that. it sounds like norquist better watch out for mrs. king. >> the fact that he brought my wife into it, i think he never met me, he certainly hasn't met my wife. he better hope he doesn't. she'll knock his head off. >> all right, president obama wants supporters to go on twitter as washington takes on the fiscal cliff. he's asking people to use the #my2k to explain what they would do with the $2,000 that could be lost to a middle class tax hike. one user talks about buying a mac book. the other talks about the child they're expecting and making the mortgage. but the president is also finding some critics.
things are getting down right ugly between grover norquist and one of his former allies earlier this week he lashed out at peter king who said he's ready to walk away from the anti-tax pledge made in 1996 to avoid the fiscal cliff. >> everybody who signed the pledge including peter king who tried to weasel out of it, shame on him as the new york sun said today. i hope his wife understands that commitments last a little longer than two years or something. >> well, king got wind of...
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norquist wing of anti-taxers can win an election or not, and virginia is a great test. it's now a swing state that they should, republicans should be able to win with the right kind of message. they didn't win it. a quote liberal won it according to stuart stevens. what does that tell you? can the real hard core right wing win a statewide election with a guy like cuccinelli? >> that will be the test. >> that will be the test. and they may be up against terry mcauliffe, the democrat who represents everything about the clinton/obama democratic party that the people in southside virginia can't stand, that they don't like. let's see -- >> he's a classic northern virginia guy. he works in washington. he's a bedroom community guy. which is fair enough but they don't like it. >> and i think howard is exactly right. this is going to be a real dynamic test for the gop on the national level, not just for virginia, but how -- >> guess who else is going to be -- his wife perhaps. bill clinton will be in there campaigning. showing he's still got the chops. >> nobody has raised more
norquist wing of anti-taxers can win an election or not, and virginia is a great test. it's now a swing state that they should, republicans should be able to win with the right kind of message. they didn't win it. a quote liberal won it according to stuart stevens. what does that tell you? can the real hard core right wing win a statewide election with a guy like cuccinelli? >> that will be the test. >> that will be the test. and they may be up against terry mcauliffe, the democrat...
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norquist whose name we've been hearing quite a lot the president of americans for tax reform all of these sort of different fashions of come together and they've said you know what this is a good thing that the government should not be able to do this without giving permission just one other aspect of the bill i want to mention is that if they do obtain a warrant language in the bills that unless there's a threat to. homeland security that they have to let the person know they have to let you know if they in fact get a warrant to get your electronic communication so really a victory in the eyes of quite a few privacy rights advocates now the president on the senate judiciary committee concert played me a democrat from vermont he's been around for. quite a long time now when he when the when this first bill was passed i spoke to his office a little while ago he says this is a huge victory this is much needed progress he spoke on camera just a little while ago. americans face even greater threats. in the expansion of the government's. power. i might say those powers. not just the fede
norquist whose name we've been hearing quite a lot the president of americans for tax reform all of these sort of different fashions of come together and they've said you know what this is a good thing that the government should not be able to do this without giving permission just one other aspect of the bill i want to mention is that if they do obtain a warrant language in the bills that unless there's a threat to. homeland security that they have to let the person know they have to let you...
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we are excited to have grover norquist. welcome to all of you in c-span landed, people following on twitter. we want to thank the bank of america for supporting the series -- the forum's about the issues that matter the most in washington. last week we talked about how the obama campaign one. this week we will talk about an important issue for conservatives and republicans. we appreciate bank of america's partnership throughout. we are going to bring you into the conversation. good morning, grover norquist. thank you very much. grover is very attached to his bad. >> they told me it was to streamline appeared for the bag. thank you for coming up. can republicans raise taxes? >> it is difficult. >> so not know? >> close to know. the republicans have built a brand as a party that will not raise your taxes. the pledge does not change over time, it does not change across state lines. in the past it was difficult to say to somebody, oh, i will not raise your taxes. why would we not believe you. the democrat also said it is not th
we are excited to have grover norquist. welcome to all of you in c-span landed, people following on twitter. we want to thank the bank of america for supporting the series -- the forum's about the issues that matter the most in washington. last week we talked about how the obama campaign one. this week we will talk about an important issue for conservatives and republicans. we appreciate bank of america's partnership throughout. we are going to bring you into the conversation. good morning,...
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thoughts about potentially raising taxes, do you frng that grover norquist, his anti-tax pledge, is seeping back into the conversation here and keeping the right with the cement shoes on? >> sure, for some that's the case. and it is also the case that some on our left have their shoes in concrete, as well. they don't want to touch any spending. but the hard reality is we have to do both and every bipartisan group that's worked on this has reached that conclusion. so at the end of the day, i think people who are in the sensible center know you're going to have to come bodo both. revenue near a 60 year low as a share of our national income. spending is near a 60 year high as a share of our national income. so we're going to have to work both sides of the krequation. >> senators on the right have been very controversial in their remarks regarding susan rice and whether or not she will be nominated for secretary of state. but i want to play for everybody how the president defended rice yesterday. >> mrs. rice is extra ordinary. couldn't be prouder of the job that she's done. >> the appl
thoughts about potentially raising taxes, do you frng that grover norquist, his anti-tax pledge, is seeping back into the conversation here and keeping the right with the cement shoes on? >> sure, for some that's the case. and it is also the case that some on our left have their shoes in concrete, as well. they don't want to touch any spending. but the hard reality is we have to do both and every bipartisan group that's worked on this has reached that conclusion. so at the end of the day,...
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i know grover norquist would not agree with that. host: if you go to c- span.org/fiscalcliff, everything that has been discussed on the fiscal cliff that c-span has covered, including mr. simpson and mr. bowles from yesterday talking about it at the christian science monitor breakfast, all of our "washington journal" segments -- you confined all the video there. c-span.org. democrat line. caller: a couple questions. if you increase the taxes for the very wealthy -- and food for thought, why has there not been a lot of growth? it has been regressed -- reduced for several years. what are we in the shape -- if we have had the tax cuts and have not created a lot of infrastructure, that argument does not stand with me. it is a philosophy that has happened over the past 20 years. a big difference between the stock owned companies, their top executives' salaries versus the bottom person on the latter, those companies, such a big gap. is that kind of where our country is heading, the big gap in the glasses? guest: -- classes? guest: i think
i know grover norquist would not agree with that. host: if you go to c- span.org/fiscalcliff, everything that has been discussed on the fiscal cliff that c-span has covered, including mr. simpson and mr. bowles from yesterday talking about it at the christian science monitor breakfast, all of our "washington journal" segments -- you confined all the video there. c-span.org. democrat line. caller: a couple questions. if you increase the taxes for the very wealthy -- and food for...
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as long as we are in the throne of grover norquist. >> according to press reports, not talking on the phone since saturday while the white house is busy launching a new online. >> back in 1996, president clinton brought me back to negotiate the balanced budget. i met with people who were smart, and nobody believed it could be done and nobody believed we could make progress. some of you were here when it happened. we were having constant meetings with them that not everybody was aware of to advance the ball. i can guarantee you there is no question in my mind the white house is serious about getting something done. i wish the discussions have started earlier. if you are at a corporation and had $7.20 trillion hitting your balance sheet at the end of the year, would you have started working on it in mid november? hell no, you would have been working on it all year long. we have the people in washington ready to turn their attention to it and they see their crisis coming. i believe they will get together and have these negotiations. there are only 10 working days left. if this were in th
as long as we are in the throne of grover norquist. >> according to press reports, not talking on the phone since saturday while the white house is busy launching a new online. >> back in 1996, president clinton brought me back to negotiate the balanced budget. i met with people who were smart, and nobody believed it could be done and nobody believed we could make progress. some of you were here when it happened. we were having constant meetings with them that not everybody was...
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. >> steven ratner, is there a principle, or just bloody mindedness by republicans, led by grover norquist, we shall not pay anymore taxes ever? >> at some point, there are too many taxes, but we're a long away from that. let's just look at earned taxes, lower than they were under president clinton put in place ten years ago. and all president obama is saying let's go from 35% to the top earners, to 39.6%, same as it was under president clinton, the economy did well. it is more than just a drop in the bucket. just raising rates on people making over 250,000, would be a trillion deficit -- >> a trillion dollars, henry, is nothing to be sniffed at. some urged the party to extend the bush-era tax cuts, for the households that earn less than $250,000, to insure the taxes don't go up. who cares anyway? >> sure, there is a point in there. i might dispute the numbers. i would argue as the members of my party, i would argue that we have a spending problem. as opposed to a revenue problem. to my friend steve's remark, about the clinton tax rates, that sounds great to go back to 39%. and yes, that w
. >> steven ratner, is there a principle, or just bloody mindedness by republicans, led by grover norquist, we shall not pay anymore taxes ever? >> at some point, there are too many taxes, but we're a long away from that. let's just look at earned taxes, lower than they were under president clinton put in place ten years ago. and all president obama is saying let's go from 35% to the top earners, to 39.6%, same as it was under president clinton, the economy did well. it is more than...
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. >> sean: grover norquist, americans for tax reform, you signed a pledge when you first ran for office, saying you wouldn't raise taxes or revenue, and said, well, i care more about this country i do about a 20-year pledge. you've taken heat for this. i want to give you a chance to explain. >> my difference with grover, it's pretty simple, the simpson-bowles plan that came out that said we're going to address the long-term debt of this country, recommended that you eliminate all tax credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of
. >> sean: grover norquist, americans for tax reform, you signed a pledge when you first ran for office, saying you wouldn't raise taxes or revenue, and said, well, i care more about this country i do about a 20-year pledge. you've taken heat for this. i want to give you a chance to explain. >> my difference with grover, it's pretty simple, the simpson-bowles plan that came out that said we're going to address the long-term debt of this country, recommended that you eliminate all...
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. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely. in 2002 -- and i was running in a tough primary and those folks back in marietta, georgia, said, phil, are you going to take the grover norquist, americans for tax reform pledge. i said, yes, i will take it. many would have voted for my opponent. that plenl, i honor that. it's a pledge to my constituents. absolutely. >> all right. you say your constituents don't want you to raise taxes on the rich. let me show you what an abc/washington post poll shows. 60% would support raising taxes on incomes over $250,000 per year. you wouldn't do that? >> i understand that their perception. i have constituents that take that position as well. i'm sent to congress to represent 700,000 people in my northwest georgia district. they send me because they trust my judgment. they think i have the facts that maybe in many cases they don't. we know
. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely. in 2002 -- and i was running in a tough primary and those folks back in marietta, georgia, said, phil, are you going to take the grover norquist, americans for tax reform pledge. i said, yes, i will take it. many would have voted for my opponent....
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. >> rose: and even libertarians -- >> grover norquist suddenly has common cause with al sharpton. >> now politicians across the political spectrum are waking up to this, and it's not out of concern over the families that have been decimated by the drug war. it's out of the attempt to balance state budgets in a time of economic crisis and finding that there's no way-- >> do you mind that? >> i think it is a problem if we do the right thing for the wrong reasons. lawsuit lawsui martin luther king used to say there is a danger in doing the right things for the wrong lesson. if we don't learn to care about people who are poor and locked into ghetto communities and we don't learn about them and for making decision for cost-saving purposes, we will continue to repeat the same kinds of mistakes over and over again in different form. so there is a momentef opportunity presented. by the fact that we have the attention of politicians across the political spectrum for the first time nay meaningful way. the question is what are we going to do with this opportunity? we can't limit our arguments a
. >> rose: and even libertarians -- >> grover norquist suddenly has common cause with al sharpton. >> now politicians across the political spectrum are waking up to this, and it's not out of concern over the families that have been decimated by the drug war. it's out of the attempt to balance state budgets in a time of economic crisis and finding that there's no way-- >> do you mind that? >> i think it is a problem if we do the right thing for the wrong reasons....
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norquist pledge a little bit. saxby chambliss, marco rubio, lindsey graham. patty murray. a leader of the party's left wing. she's saying, basically, look, the cliff to me for politics and substance is not the worst deal in the world. it's a terrible deal if we can't get those tax hikes. again, if we can't win this fight now and change that discussion, let's go over the cliff. i'm kind of watching her to see what she says. because it kind of tells you how the president and his team are communicating with the democrats and what the negotiating room is going to be on entitlements. >> nick, thanks so much for that insight. >> thank you guys. >>> next, mitt at the white house? don't be alarmed. he's just having lunch with the president. too bad the president already ate his lunch. >> oh! >> how we think that conversation went as "the cycle" rolls on for thursday, november 29th. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're g
norquist pledge a little bit. saxby chambliss, marco rubio, lindsey graham. patty murray. a leader of the party's left wing. she's saying, basically, look, the cliff to me for politics and substance is not the worst deal in the world. it's a terrible deal if we can't get those tax hikes. again, if we can't win this fight now and change that discussion, let's go over the cliff. i'm kind of watching her to see what she says. because it kind of tells you how the president and his team are...
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. >> grover norquist -- you were talking about leverage and you believe republicans could get more leverage if they got this out of the way, called the white house's bluff, if you will and said, okay, fine, we'll give you this and have the larger debate. he believes the debt ceiling should be used as leverage. is that responsible governing? >> i think the speaker did, in our conference did the right thing last time. we were willing to raise the debt ceiling. that's a tough vote for republicans, but only if it was accompanied by reforms and long-term spending cuts. i actually think that's a good thing and should be institutionized. we should not continue on a course of piling up debt and not try to correct things. i think the speaker did the right thing, pushed for that, and we got it. as a result, we're going to have $2 trillion less in long-term debt thanks to what john mccain did. >> by the way, should there be a debt ceiling? is this sort of a ridiculous thing? >> i don't think it's ridiculous. i think it forces us to confront reality. we can't pile up debt without thought of where we're
. >> grover norquist -- you were talking about leverage and you believe republicans could get more leverage if they got this out of the way, called the white house's bluff, if you will and said, okay, fine, we'll give you this and have the larger debate. he believes the debt ceiling should be used as leverage. is that responsible governing? >> i think the speaker did, in our conference did the right thing last time. we were willing to raise the debt ceiling. that's a tough vote for...
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norquist tax pledge. basically urging the party to take the president's deal of extending the tax cuts for 98% of americans right away. i want to play what he had to say to our chuck todd earlier today, though. >> the president says he wants to make 80% of the bush tax cuts permanent for 98% of the american people. and take them out of the discussion. i think we should do that. now, that advise was given in private. >> you didn't intend for this to go public? >> no, i absolutely didn't. again, it is what i said. it's not an inaccurate report. >> all right. he didn't really want it to get out there, but it's out there. it's feathers to the wind. michael, you can't get this back. you know that well with radio. once you say it, it's out there. feathers to the wind. do you agree congressman cole is actually giving the speaker more flexibility in the negotiations? >> yes. thomas, there's a tendency to watch these negotiations from the sidelines and to think that the prince piples speak for everyone. i think we
norquist tax pledge. basically urging the party to take the president's deal of extending the tax cuts for 98% of americans right away. i want to play what he had to say to our chuck todd earlier today, though. >> the president says he wants to make 80% of the bush tax cuts permanent for 98% of the american people. and take them out of the discussion. i think we should do that. now, that advise was given in private. >> you didn't intend for this to go public? >> no, i...
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. >> but you do have grover norquist, the antitax activist, who has been very active on twitter told me today he considers it a great organizing tool. he's been about 50 television shows in the past week but it's not the same as having a presidential candidate who has a big megaphone. >> brown: permanent social media campaign. just what we need. the the daily download, howard kurtz, lauren ashburn, thanks so much. >> thanks, jeff. >> warner: again, the major developments of the day: president obama said he believes a framework for a debt-cutting deal can be reached in the coming weeks, possibly before christmas. stocks rebounded on the hopeful talk in washington. the dow industrials gained more than 100 points. and the top appellate courts in egypt went on strike against president muhammad morsi's move to assume near-absolute power. morsi planned to address the egyptian people tomorrow. >> warner: online, we continue our series on social entrepreneurs with a profile of a woman who's breaking taboos. hari sreenivasan has more. >> sreenivasan: harvard business school graduate elizabeth
. >> but you do have grover norquist, the antitax activist, who has been very active on twitter told me today he considers it a great organizing tool. he's been about 50 television shows in the past week but it's not the same as having a presidential candidate who has a big megaphone. >> brown: permanent social media campaign. just what we need. the the daily download, howard kurtz, lauren ashburn, thanks so much. >> thanks, jeff. >> warner: again, the major developments...
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that would go against the grover norquist pledge not to raise taxes. but one of those who signed the pledge is standing by his promise. senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we should be doing here should be concentrating on economic growth because that's time as more effective. let me give you a couple numbers. even with the very meager recovery that we've had, revenue has increased to the federal government by $344 billion per year. if we just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success,
that would go against the grover norquist pledge not to raise taxes. but one of those who signed the pledge is standing by his promise. senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we...
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not so long ago we had grover norquist on. said the president is going to have to back off, we have to raise taxes and low and behold the "wall street journal" ran a story saying just that, it will be a bargain. are you going to get it tomorrow? they will fuss with the income rate. that will be a part of the conversation as well. the longer it goes on, the more threat letters to the economy and the stock market because people don't know what to expense. one comment about the dividend story you are doing, don't forget these companies are run by big-time executives who get paid this way and are driving the chain. tracy: you can't blame them, somebody has to do it. ashley: don't miss gerri willis and m "the willis report" here n fox business. thank you. tracy: the white house using twitter as part of an arsenal in the fiscal cliff battle, but may not have been the best idea for them. ashley: we will be right back. [ male announcer ] this is jo woods' first day of rk. and his new boss told him twongs -- cook what you love, and sav
not so long ago we had grover norquist on. said the president is going to have to back off, we have to raise taxes and low and behold the "wall street journal" ran a story saying just that, it will be a bargain. are you going to get it tomorrow? they will fuss with the income rate. that will be a part of the conversation as well. the longer it goes on, the more threat letters to the economy and the stock market because people don't know what to expense. one comment about the dividend...
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we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but what you see from democrats is an unwillingness to do serious entitlement reform that would lead to reductions in spending. they want to kick the can down the road and do more of the next year with the vague promises. dennis: the think republicans will be willing to agree upfront to more tax revenue or higher tax rates as we go without a firm cap on entitlement reform? >> that is the big question. what is a firm commitment? what they're going to look for is some spending cuts this year with an avenue towards entitlement reform next year is the best they are going to get. absolutely what the deal is going to be is the wealthier people, making $250,000 a year, will see their taxes go up. that is a given.
we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but what you see from democrats is an unwillingness to do serious entitlement reform that would lead to reductions in spending....
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but look at grover norquist's rhetoric in the last 24 hours. look at what tom cole said. look at how every day another republican comes out and says well, maybe we could stomach a slight tax rate increase if. those are all the building blocks that it takes to gradually get to a place where republicans can do something that they hate doing. they don't want to raise taxes. but what the president would say is, i don't care what you want. you don't have a choice. the bush tax cuts go away at the end of the year. i will let them all go away if that's what it takes to get the rate on top earners to go up. boehner knows that. he has a huge incentive to get something out of this deal. and the president has a huge incentive to get a deal because the last thing he wants is an economic funk to start his second term. that would be a bummer for him and a bummer for his policies. >> and if i was advising republicans, i would say you want to get re-elected? you want to be here on your party? look at chris christie. start to move over to the other side of the aisle. >> michael steele, i
but look at grover norquist's rhetoric in the last 24 hours. look at what tom cole said. look at how every day another republican comes out and says well, maybe we could stomach a slight tax rate increase if. those are all the building blocks that it takes to gradually get to a place where republicans can do something that they hate doing. they don't want to raise taxes. but what the president would say is, i don't care what you want. you don't have a choice. the bush tax cuts go away at the...
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schmidt -- what is your opinion of the grover norquist no-tax pledge? >> on the issue of taxes, it is true that we are at a historic low of revenue to g.d.p.. it has to come up. because a country with $16 trillion in debt with republicans -- which republicans and democrats are responsible for has to be fixed. we have to get on to a sustainable economic path. barry goldwater said tax cuts yes, the deficit reduction first. you have to baby bells. d. -- pay the bills. in your personal and public life -- you want to have a prescription drug benefits under medicare, that is great, you have to pay for it. you once two wars? you have to pay for them, too. we should understand something about the republican party over the last and years. it has been a big spending party -- it just does not want to pay for any of the spending. a reset of traditional conservatism requires that we be reality-based on the fiscal condition of the country and understand that the years of profligacy now require increased revenue. the notion that we have hundreds of members of congress
schmidt -- what is your opinion of the grover norquist no-tax pledge? >> on the issue of taxes, it is true that we are at a historic low of revenue to g.d.p.. it has to come up. because a country with $16 trillion in debt with republicans -- which republicans and democrats are responsible for has to be fixed. we have to get on to a sustainable economic path. barry goldwater said tax cuts yes, the deficit reduction first. you have to baby bells. d. -- pay the bills. in your personal and...
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the only way to get that done is for republicans to step back and get mercifully criticized by grover norquist and the right and the democrats will criticize on the left. >> cenk: they're going to cut medicare and medicaid. it's 100% guarantee. what are you going to do then. >> i don't believe it's 100% guarantee. the stronger we are as progressives, on the streets on the phones, the stronger possibility that we'll protect these vital programs. this fight is not over. the deal is not secretly set already. there are a lot of developments that could take place in these remaining four weeks. we just saw yesterday senator dick durban, one of the leaders in the senate changed his position and said they shoe not be part of any negotiations and short-term deal that would be entered into during the lame duck session. this is a good step in the right direction. i think that ultimately we need to take the high road here. we need to assume that we can win on this, act like we can win, and show the president, and show democrats and congress-- >> cenk: i got to wrap it up. >> that we have their ba
the only way to get that done is for republicans to step back and get mercifully criticized by grover norquist and the right and the democrats will criticize on the left. >> cenk: they're going to cut medicare and medicaid. it's 100% guarantee. what are you going to do then. >> i don't believe it's 100% guarantee. the stronger we are as progressives, on the streets on the phones, the stronger possibility that we'll protect these vital programs. this fight is not over. the deal is...